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. reforming the tax code, not as easy but not as hard as medicare and medicaid. >> well, let me back you up for a second, because what really we face as we look at the long-term fiscal outlook in the u.s. is a three-part challenge. we know that we have entitlement programs on their currently trajectories are not sustainable. we know that we have a tax code that can almost surely be improved with various reforms and we also know that we have a set of expiring provisions in both the tax code and the budget sequester which starts in january of 2013 if nothing changes which creates a lot of turbulence in fiscal policy unless we do something about that. the real challenge for u.s. policymakers and it's going to be a big challenge after the election, i think, is to try to figure out a way to get through the near term without causing lots of disruption and that probably means trying to avoid going over the fiscal cliff, while at the same time beginning the challenge and process of long-term fiscal adjustments. when i suggest that social security's probably the easiest place to start, it's not some
for medicare to 67. that makes no sense at all. but otherwise -- >> why doesn't it? >> because medicare is the only universal health care plan that we have in this country. and to raise it at the time when people are retiring is insane. and furthermore, the savings medicare not between 65 and 67, they're around 80. this is going to be no savings, you're going to replace it with some bureaucratic hodgepodge. >> that's the point, though. he's painting this as if any democrat who goes along with one of these sort of compromises that you get to down the road, that this is, basically -- >> i think paul krugman's great, but i disagree with him. we are going to have to cut spending and raise taxes, somebody will have to admit it. >> howard and haines, the economic argument on the 1990s. we commercialize the internet, about the equivalent of a telephone. the nasdaq went from 800 to 4,500, oil was at $18 a barrel, government spending was significantly lower because when clinton raised the taxes, we went to a surplus. so when you think that these tax increases aren't going to affect the economy b
of the medicare part of it and the promises about lower health care premiums have certainly not survived. i mean we've seen, what, 8% or 9% increase in health care premiums the last two years. >> craig barrett of intel is going to be our guest host for the rest of the program. we have a lot more to talk with him so stick around. >>> when we come back an interview you cannot afford to miss, we have chicago fed president charlie evans joining us at 8:30 eastern time and a programming note by the way, cnbc's going to have live cover annual of the first presidential debate on wednesday night starting at 8:00 p.m. eastern time. >>> up next on "squawk box" don't make a trade until you know which stocks are making headlines. joe tells you the pretrade news you need to know in "stocks to watch" right after the break. ♪ >>> you like this? >> maybe. i think he was referring to the animal orchestra. >> we used to have joel moscowitz a lot, it was the ceramic we put in a lot of our troops' armor. it's been higher at one point but it is acquired now by 3m for $35 a share in cash. it's a small deal, the mar
. >> right, medicaid, medicare. >> is there a head k medicaid advantage? >> medicaid hmos lose it if obamacare gets repealed because they're going to expand medicaid, as well. >> expand it greatly. and it's not block grants. a federal expansion. so what's your favorite stocks? >> my favorite stocks are the ones that are not that impacted by federal policy. united health, intuitive surgical. genetic analysis companies do well. but not completely unrelated to reform. and you can always go outside the u.s., too, if you want. so i guess you're not moving to france if about obama wins. >> alec baldwin didn't move, i'm not moving. we say things when we're upset and then we don't really ---now, if babs moves, i might go with her. >> when we come back, the countdown to the jobs report. we'll be asking the man who runs bond investments for fidelity what the numbers could mean for the markets. >>> monday, facebook and "squawk box" collide. quiche in touch with joe, becky and andrew. get updates and check with the anchors. interviews, news and upcoming events will be posted to our page da
that since administrative costs are lower with medicare we should, the government should run our health care and it's like then we should have -- if you can just lower administrative and there's no innovation from the private sector, if there's no, you know, economies of scale and the competition makes you leaner and faster and better, if none of that were true everything would be cheaper if the government ran it. >> does it make you uncomfortable, joe, romney clearly has moved to the center here? >> i don't see that. i do not see that. >> i'm not going to reduce the share of taxes paid by the wealthy. >> et cetera' always said that. he has always said that. that's what you hear. >> the problem is that -- >> but then he said -- >> that is allowed -- >> he's coming back with 5 trillion. when you come back you prepared for with john kerry in the debate. the thing that worked when we were talking about the president always talks about investment as if it's a really good thing in terms of the government but when you look at how you try to pick things and don't let sort of capital be allocated by
Search Results 0 to 4 of about 5